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Guitar Center Files for Bankruptcy
NY Times ^ | 11/22/2020 | Lauren Hirsch

Posted on 11/22/2020 12:06:38 PM PST by wastedyears

The filing by the nation’s largest retailer of musical instruments highlights the growing gap between the strongest and weakest companies in the pandemic.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Music/Entertainment
KEYWORDS: chat; debt; economy; guitar; guitarcenter; music
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To: Drew68

Another “Romney Involement”... geee.....

They whine about Trump losing money, but how many Bain Capital owned places have went under???


21 posted on 11/22/2020 12:21:55 PM PST by GraceG ("If I post an AWESOME MEME, STEAL IT! JUST RE-POST IT IN TWO PLACES PLEASE")
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To: SamAdams76

That’s a real thing. That song is never to be player at an audition or when playing out. Awesome song but the rockers that play are totally burnt out on it. Some guy in FL might still have a video of me playing drums along with it at home. He sneacked up on me and stood there for a while recording.


22 posted on 11/22/2020 12:23:25 PM PST by Pollard (Bunch of curmudgeons)
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To: Drew68
I remember when you could barely walk through a Guitar Center without tripping over a guitar. These days, there's ample vacant space on the shelves (where guitars used to hang). The change happened, oh, around a decade or so ago.

I recently picked up playing after a decade away from gigging and when I walked into a guitar center I was floored at how awful and generic everything looked. Anything I would formerly call good quality (american made, Gibson/Fender etc...) was so far beyond overpriced it was insulting, and all of the moderately priced stuff had nowhere near the variety that it used to. Maybe there were six different basses, four of them looked near identical and had roughly equivalent features. I also figured out nearly too late that the way a guitar sounded inside their acoustic room was way better than outside on the showroom floor, so much better it might as well have been a deliberate trap. Always bring the guitar out of the acoustic room and try before you buy.

23 posted on 11/22/2020 12:23:42 PM PST by jz638
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To: wastedyears

Their deals ARE total garbage, but it’s the same garbage deals industry wide I’ve noticed.

I don’t like to buy instruments online. I like to try them before I buy, so places like guitar center are essential to me.


24 posted on 11/22/2020 12:25:37 PM PST by Bullish (CNN is what happens when 8th graders run a cable network.)
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To: Drew68

https://pitchbook.com/news/articles/this-day-in-buyout-history-deluged-by-debt-guitar-center-turns-to-ares


25 posted on 11/22/2020 12:26:18 PM PST by RummyChick
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To: wastedyears

been hearing about this.

Sometimes mass marketing doesn’t.


26 posted on 11/22/2020 12:26:31 PM PST by sauropod (Let them eat kale. I will not comply. Sic semper evello mortem tyrannis. This is how Democracy dies.)
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To: left that other site
Ping to the Guitar List! (Finally!)

You can add me to that list:

I'd like to think I should be in the club.

These are my faves, but I have sooo many more...


27 posted on 11/22/2020 12:28:28 PM PST by Drew68
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To: dfwgator; Larry Lucido

I shoulda learned to play the guitar. I shoulda learned to play them drums.


28 posted on 11/22/2020 12:30:09 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: wastedyears

There’s always ‘Musician’s Friend’.


29 posted on 11/22/2020 12:30:25 PM PST by DivineMomentsOfTruth ("There is but one straight course, and that is to seek truth and pursue it steadily." -GW)
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To: wastedyears

The future is computer generated drum tracks and the like.

Learn to play an instrumnet sounds like work to a millennial.


30 posted on 11/22/2020 12:30:32 PM PST by doorgunner69 (Peace is that brief glorious moment in history when everybody stands around reloading - T Jefferson)
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To: Drew68

So another company canibalized by Bain Capital.


31 posted on 11/22/2020 12:30:51 PM PST by Wilhelm Tell (True or False? This is not a tag line.)
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To: dfwgator

The Legend.


32 posted on 11/22/2020 12:32:07 PM PST by doorgunner69 (Peace is that brief glorious moment in history when everybody stands around reloading - T Jefferson)
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To: ransomnote

Do you see anyone play the guitar other than churches? The ones playing there are older.

I would consider a keyboard as more being more rewarding and having more flexibility.


33 posted on 11/22/2020 12:33:01 PM PST by alternatives? (If our borders are not secure, why fund an army?)
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To: Larry Lucido

“ I got my first real six string at the five and dime.”

I got my first six string from s&H Greenstamps.


34 posted on 11/22/2020 12:33:17 PM PST by EQAndyBuzz (Want to know what Cloward-Piven is? Ask me.)
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To: Drew68

Are rockabilly cats the only folks that play on a Gretsch any more?


35 posted on 11/22/2020 12:33:46 PM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: DivineMomentsOfTruth
There’s always ‘Musician’s Friend’.

Musician's Friend merged with Guitar Center back in 1999.

36 posted on 11/22/2020 12:33:48 PM PST by Drew68
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To: dfwgator

Lel


37 posted on 11/22/2020 12:34:44 PM PST by martin_fierro (< |:)~)
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To: Mariner

I don’t know much about guitars but aren’t Gibson and Fender high-end companies? Maybe companies that are more the high-end of a market can do okay in this environment.


38 posted on 11/22/2020 12:35:02 PM PST by Wilhelm Tell (True or False? This is not a tag line.)
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To: BradyLS
Are rockabilly cats the only folks that play on a Gretsch any more?

Nah, in addition to Jack White (and of course, the late great Malcolm Young) a lot of indie-rockers are playing Gretsch guitars.

39 posted on 11/22/2020 12:37:07 PM PST by Drew68
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To: BradyLS; dfwgator
A guitar is always good for raising someone's spirits.


40 posted on 11/22/2020 12:37:08 PM PST by Larry Lucido (Donate! Don't just post clickbait!)
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